A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Majority Leader
Majority Opinion
Majority Rule and Minority Rights
Managing Director
Mandate
Manhattan Project
Marginal Tax Rate
Marginal Utility
Market Economy
Mayor
Medicaid
Medical Examiner
Medicare
Methanol
Militia
Minimum Wage
Minority Leader
Minutemen
Misdemeanor
Monarchy
Monetary Policy
Moot
Morality
Municipal Administration
Municipality
Medicare

Medicare is a federally-funded health care program primarily for people over age 65. Individuals with disability or end-stage kidney failure can also qualify for it. Like Social Security, Medicare is funded by the government and by payroll taxes, which are withheld from each paycheck during a person’s employment. Medicare is similar to privately funded health insurance in that beneficiaries have some out-of-pocket costs, such as deductibles and co-pays. Some types of Medicare require beneficiaries to pay a premium; in other Medicare programs, premiums are waived if the beneficiaries have paid sufficient payroll taxes.